MGM Growth Properties(NYSE:MGP) Declares Dividend of $0.3875.

MGM Growth Properties (NYSE:MGP) had declared a cash dividend of $0.3875 on Sep 15, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 15, 2016 share price, the yield comes out to be 6.3499%. The dividend payable date has been fixed on Oct 14, 2016.

In a different note, On Aug 5, 2016, Citigroup said it Maintains its rating on MGM Growth Properties. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 22, 2016, Morgan Stanley said it Downgrades its rating on MGM Growth Properties. The shares have been rated ‘Equal-weight’ by the firm.

MGM Growth Properties(MGP) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $110.90M. Analysts had an estimated revenue of $116.85M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.38.

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